Why Kedai Runcit Are Disappearing Across Malaysia
Malaysia’s retail market is growing, yet neighbourhood kedai runcit are closing. Thin margins, rising costs and chain-store scale explain why.
Topic
Reporting and commentary on work, money, small business, and economic life in Malaysia.
Browse recent business stories from The Times of Malaya.
Malaysia’s retail market is growing, yet neighbourhood kedai runcit are closing. Thin margins, rising costs and chain-store scale explain why.
The offer letter says RM2,500. The actual cost of that employee, once statutory contributions are added, is closer to RM2,900. Most SME owners find this out after the first payroll.
LHDN's e-invoicing mandate is not a digitisation project. It is the government building real-time visibility into business transactions for the first time.
Malaysian SME owners often confuse revenue with money in the bank. The gap between profit on paper and cash in hand is where many businesses quietly fail.
Many Malaysian SME owners can quote every cost from memory but can't tell you if the business made money last year. The receipt box works — until you need to show someone the numbers.
Small businesses are facing a silent struggle as transport costs climb, forcing them to make difficult choices.